Pequizeiro Municipal Bank Disclosure/Pequizeiro City Hall The social currency Pequi (Pq) was launched and will be valid for accredited establishments in Pequizeiro, in the northern region of Tocantins. The initiative is part of the creation of the Municipal Bank, which seeks to support the city's economic activities. The launch took place this Friday (21). According to the municipality, the proposal is to create a closed economic circuit, in which residents receive money in Pequi and make purchases in local businesses. See below how the currency will work in the municipality:
Understand how the 'Pequi' currency launched by city in TO will work
Pequizeiro Municipal Bank Disclosure/Pequizeiro City Hall The social currency Pequi (Pq) was launched and will be valid for accredited establishments in Pequizeiro, in the northern region of Tocantins. The initiative is part of the...
According to the municipality, the proposal is to create a closed economic circuit, in which residents receive money in Pequi and make purchases in local businesses. See below how the currency will work in the municipality: How much is the coin worth?
- Circulation is restricted to the municipality and can only be used in businesses, rural producers and registered service providers.
- Therefore, the merchant reuses the currency to pay local suppliers and services, avoiding the immediate evasion of resources to other urban centers.
Editorial reading aid based only on information contained in this story and its identified source.
How much is the coin worth? One Pequi (Pq) is equivalent to R$1. Circulation is restricted to the municipality and can only be used in businesses, rural producers and registered service providers. Therefore, the merchant reuses the currency to pay local suppliers and services, avoiding the immediate evasion of resources to other urban centers. READ ALSO Mayor of Praia Norte is impeached after councilors form majority in extraordinary session Beneficiaries who sell and rent popular houses irregularly could lose properties in Palmas Who can use the currency? Merchants who want to participate in the initiative must contact the city hall to register the establishment. The proposal also seeks to benefit residents who find it difficult to access traditional financial services, as accounts at Banco Municipal de Pequizeiro will be free. How will residents and businesses use Pq? According to the city hall, the bank should launch a digital platform, with an app, so that residents can access their accounts. Users will also have cards. What services will be provided by the Municipal Bank? Through the bank, it will be possible to provide payment services for benefits and social assistance, offer microcredits and financing to small producers and enable salary advances for employees. Registered merchants may also have fee reductions or exemptions. See more news from the region on g1 Tocantins.